DSL Synthetic EMA Momentum - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The idea was discovered on a forum (used on another trading platform). But since the indicator is highly tuned for a single instrument, this version has changed in almost every aspect except the basic idea: the basic idea is to calculate the "momentum" of 5 averages and combine them into a "synthetic" momentum.
It uses EMA (Exponential Moving Average) for synthetic momentum calculations, and in order to avoid fixed levels that need to be adjusted for each symbol/instrument, each time frame and each period combination, this version uses interrupted signal lines as levels. This way the levels adjust automatically and are not dependent on anything mentioned
You can use color changes as entry or re-entry signals
Attachment download
📎 dsl_synthetic_ema_momentum.mq5 (11.12 KB)
Source: MQL5 #22543
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